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Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.
Restaurant group Sphera Franchise group, which holds the KFC, Pizza Hut and Taco Bell franchises in Romania, and is developing the KFC brand in the Republic of Moldova and Italy, saw its online orders rise during the pandemic. The sales channel gained ground in 2020 and accounted for a greater share of the business.
Romania's finance ministry on Thursday raised 461 million lei (EUR94.5 million), above its RON400 million target, selling bonds maturing in June 2023 at an average yield of 2.24% a year, central bank data showed.
Poland's Citronex group will build greenhouses to grow tomatoes in Targu Jiu, southwestern Romania, on a surface of 50 hectares, local authorities said.
Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central Romania.
Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an investment of EUR8.5 million.
Romanian regional investment fund Evergent Investments (formerly SIF Moldova) seeks to buy back approximately 8.3 million of its own shares at a price of RON1.6 per share, it said in a market report Thursday.
Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announced Thursday it is planning a share issue and listing on the Euronext stock exchange in Amsterdam.
Austrian real estate developer CA Immo has extended the lease contract for Sony offices in Bucharest Business Park for a five-year period, being one of the longest lease contracts targeting the office project located in north-western Bucharest, in the vicinity of the Piata Presei (Free Press Square).
The United States Department of Commerce has lowered an anti-dumping tariff on aluminum sheets made by Romania's Alro SA (ALR.RO) from nearly 84% to 37.26%, the company said in a statement Thursday.
“The pandemic year” was one of the peaks of the current economic cycle regarding investments in commercial real estate assets, with a 37% growth versus 2019, up to nearly EUR900 million, and the market is expected to see a potential decline in 2021, because some buyers may put off investments, per a Colliers report on the real estate market in 2021.
The strategy adopted at the onset of the pandemic to boost production capacity for drugs in demand drove local pharmaceutical manufacturer Zentiva to third place among the largest pharmaceutical companies by sales in Romania, a report by market research company Cegedim shows.
French-held Decathlon group, the leader of the local sporting goods retail, plans to have more than 1 million bicycles assembled in Romania in 2021, compared with about 860,000 last year.
Fornetti Romania, one of the largest actors on the pastry market in the country, is looking at development opportunities through franchising especially in the big and medium-sized cities and in pedestrian areas in 2021.
Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the way for a planned EUR3 billion real estate project.
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks to return to trading.
Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading insolvency practice company, part of Impetum Group.
Germany’s REHAU has appointed a new country manager in Romania, Alexandru Oprea.
Romania's general consolidated budget posted a deficit of RON3.69 billion in January, or 0.33% of the gross domestic product, finance ministry data showed Wednesday.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reaching 1.70% a year on Wednesday (March 3).18948 items